S Squared Technology LLC acquired a new position in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 254,979 shares of the semiconductor company’s stock, valued at approximately $39,001,588,000. Lattice Semiconductor accounts for 12.1% of S Squared Technology LLC’s portfolio, making the stock its biggest position.
A number of other large investors have also made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of Lattice Semiconductor in the second quarter valued at about $2,637,161,000. Invesco Ltd. increased its stake in Lattice Semiconductor by 177.3% during the third quarter. Invesco Ltd. now owns 6,076,616 shares of the semiconductor company’s stock valued at $445,538,000 after acquiring an additional 3,885,482 shares during the period. Bank of America Corp DE increased its stake in Lattice Semiconductor by 77.4% during the second quarter. Bank of America Corp DE now owns 3,186,024 shares of the semiconductor company’s stock valued at $156,083,000 after acquiring an additional 1,390,109 shares during the period. William Blair Investment Management LLC acquired a new position in Lattice Semiconductor in the 2nd quarter valued at approximately $177,497,000. Finally, TimesSquare Capital Management LLC acquired a new position in Lattice Semiconductor in the 2nd quarter valued at approximately $173,633,000. Institutional investors and hedge funds own 98.08% of the company’s stock.
Lattice Semiconductor Stock Down 3.0%
Shares of NASDAQ LSCC opened at $114.15 on Tuesday. Lattice Semiconductor Corporation has a 52-week low of $60.50 and a 52-week high of $157.01. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.33 and a current ratio of 3.02. The business has a fifty day moving average of $132.99 and a two-hundred day moving average of $119.07. The stock has a market cap of $15.64 billion, a PE ratio of 439.04, a PEG ratio of 1.79 and a beta of 1.81.
Analyst Ratings Changes
LSCC has been the topic of several recent research reports. Robert W. Baird lifted their price objective on Lattice Semiconductor from $120.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft upped their target price on Lattice Semiconductor from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Wall Street Zen raised Lattice Semiconductor from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Needham & Company LLC lifted their price target on shares of Lattice Semiconductor from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Lattice Semiconductor in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $144.38.
Get Our Latest Research Report on LSCC
Insider Activity
In other Lattice Semiconductor news, SVP Pravin Desale sold 2,039 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $142.89, for a total transaction of $291,352.71. Following the sale, the senior vice president directly owned 73,519 shares of the company’s stock, valued at approximately $10,505,129.91. This represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Esam Elashmawi sold 15,742 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $134.77, for a total transaction of $2,121,549.34. Following the sale, the senior vice president directly owned 155,420 shares of the company’s stock, valued at approximately $20,945,953.40. The trade was a 9.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 28,502 shares of company stock valued at $4,005,820 in the last ninety days. 0.62% of the stock is currently owned by corporate insiders.
Lattice Semiconductor Profile
Lattice Semiconductor Corporation is a U.S.-based semiconductor company specializing in low-power, small-footprint programmable logic devices. The company’s product portfolio centers on field-programmable gate arrays (FPGAs), programmable logic devices (PLDs) and related intellectual property cores that enable customers to implement custom digital functions in applications where energy efficiency and compact size are critical. Lattice’s solutions are widely used to accelerate edge computing, support video and sensor interfaces, and provide flexible I/O connectivity across a variety of end markets.
The company offers a range of FPGA families, including the iCE40 series for ultra-low power mobile and consumer applications, the MachXO series for embedded control and security, and the ECP5 series for midrange performance in communications, industrial automation and automotive domains.
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